Blog

The “Beautiful” Act and Your Next Car Purchase: What to Know

Dealership locations 5
 

Getting a new car just got a lot more exciting. On July 4, 2025, the One, Big, Beautiful Bill Act officially became law. This legislation introduces several new tax breaks, but one specific section stands out for anyone looking to upgrade their ride: the "No Tax on Car Loan Interest" provision.

If you plan to finance a new vehicle, this law can help you keep more money in your pocket. At Laramie Ford, we want to make sure you understand exactly how this deduction works so you can maximize your savings on your next purchase.

Deducting Your Auto Loan Interest

Starting in 2025, you can deduct the interest you pay on a qualified auto loan. For years, only home mortgage interest offered this kind of significant tax benefit for personal expenses. Now, financing your next truck, SUV, or car can actually help lower your yearly tax bill.

The law allows a maximum annual deduction of $10,000 for your car loan interest. However, you and the vehicle must meet specific requirements to claim this benefit.

Do You Qualify for the Tax Break?

To take advantage of this deduction, you need to follow a few straightforward rules. Here is what you need to keep in mind before you buy:

  • Buy brand new: The vehicle must be completely new. The law requires that the "original use" of the car starts with you. Used vehicles do not qualify for the deduction.
  • Keep it personal: You must use the vehicle for personal driving. Commercial or business use vehicles do not meet the criteria. Also, remember that leases do not qualify—you must purchase the car with a loan.
  • Look for US assembly: The vehicle must undergo final assembly right here in the United States. Fortunately, many models in the Ford lineup fit this requirement perfectly.
  • Check your income: The deduction begins to phase out if your modified adjusted gross income tops $100,000 for single filers, or $200,000 if you file a joint return.
  • Loan timing: Your auto loan must originate after December 31, 2024, and a lien on the vehicle must secure the loan.

Find Your Eligible Vehicle at Laramie Ford

Navigating new tax laws can feel overwhelming, but finding the perfect, US-assembled vehicle is simple. Because Ford builds so many beloved models in America, you have a fantastic selection of eligible cars and trucks waiting for you.

Whether you need a spacious SUV like the Ford Explorer for family road trips or a tough pickup like the F-150 to haul your weekend gear, we have exactly what you need. Let us help you find a brand-new vehicle that fits your lifestyle and qualifies for these exciting new tax benefits.

Stop by Laramie Ford today to explore our vast inventory of new vehicles. Our team is ready to help you drive home in a beautiful new Ford—and help you set yourself up for a great tax break.

Recommended Posts

2026 Ford F-350SD

Take a Closer Look at the 2026 Ford F-350SD

The only way to really determine if a truck like the 2026 Ford F-350SD is right for you is to take time to understand it. From the moment you get behind the wheel, you gain the peace-of-mind that comes from knowing your truck can go anywhere and handle anything. Looking for the scoop on the new Ford F-350SD? Keep reading this overview. A Quick Look at the 2026 Ford F-350SD Performance No truck is complete without a seriously rocking engine, and the new F-350SD doesn't disappoint. If you need to quickly haul something large, this model is capable of towing 23,000 lbs. with the proper powertrain and equipment. Pair those numbers with improved handling and responsive steering, and it's easy to see why drivers can't get enough of the new F-350SD. Other performance features available for this model include: Forward Collision Warning Electronic-Shift-On-the-Fly 4×4 (ESOF) Diesel Engine Exhaust Brake Technology The technology in the new F-350SD delivers you more information and more entertainment, faster. The F-350SD is safer thanks to available safety features from Ford, designed to keep you and your passengers out of harm’s way. Pair this with an assortment of available multimedia upgrades for a supremely safe and enjoyable ride. Even more technology is available for this model, including: SYNC® 4 Infotainment (standard on many trims) Available 360-Degree Camera System SOS Post Crash Alert System and SecuriLock® Passive Anti-Theft System Design The new F-350SD feels as big on the inside as it looks from the outside. Load up the bed and leverage its generous 65.4 cu ft of space and numerous utility options. And when you mount up, you can enjoy Ford's comfort-focused interior design. Learn more about what the F-350SD has to offer design-wise here: LED Roof/Clearance Lamps (F-350 DRW) Manual or Dual-Zone Climate Control (trim dependent) Steering Wheel with Tilt & Telescoping Adjustment Discover the 2026 Ford F-350SD in Laramie, WY Your exclusive with the new F-350SD awaits at Laramie Range Ford. Pick your favorite trim package from our large inventory of new Ford cars for sale in Laramie, WY. And if you need another reason to pay us a visit, our new Ford specials should seal the deal. *MSRP: Starting price represents the manufacturer’s suggested retail price (MSRP) for the trim. The MSRP does not include destination and handling charges, taxes, title, license, options, and dealer charges. Actual prices are set by the dealer and may vary. Photo is for marketing and example purposes only. Photo may not reflect starting MSRP or trim level.\n**EPA-estimated MPG for City/Highway for 2026 Ford F-350SD . Actual mileage will vary. Displayed MPG is based on applicable EPA mileage ratings. Use for comparison purposes only. Your actual mileage will vary, depending on how you drive and maintain your vehicle, driving conditions, battery pack age/condition (hybrid models only) and other factors.

2026

Take a Closer Look at the 2026 Ford Bronco Sport

It’s the 2026 Ford Bronco Sport, a new SUV that makes promises you know it will keep. Form meets function like never before in this SUV. You'll get all the information you need about the new Bronco Sport below. This Is the 2026 Ford Bronco Sport Performance One of the best ways to find out if a new SUV is right for you is to see how it drives and look at what’s under the hood. Tow up to 2,200 lbs. in the 2026 Bronco Sport, and enjoy a balanced powertrain that generates as much as 181 horsepower and 200 ft/lbs max torque. Ride quality is smooth thanks to an optimized suspension, and you have the choice to upgrade the drivetrain. Some other standout performance features on this model are: Intersection Assist Safety Canopy® System with Rollover Sensor Advanced 4×4 with Twin-Clutch Rear Drive Unit (Badlands) Technology The Bronco Sport features some of the most impressive technology currently available in a car, and as you would expect in a new SUV, much of it is focused on safety. Add in a slew of other media, and the road is a more exciting place in the Ford Bronco Sport. There are a number of standard and available technology features for this SUV, including: 13.2″ SYNC® 4 Touchscreen Wireless Apple CarPlay® & Android Auto Adaptive Cruise Control with Stop-and-Go Design SUVs are designed to feel as big on the inside as they look on the outside with an emphasis on efficient use of space. The Bronco Sport gives you 32.5 cu ft of space to work with, plus additional storage throughout the interior. After you decide how to configure the interior, you can decide which comfort features you want to add to make every trip more relaxing. The design features of the Bronco Sport don't end there. You'll also enjoy these: Heated Steering Wheel (Outer Banks & Badlands) 60/40 Split Fold Rear Seat Standard 4×4 with HOSS Off-Road Suspension The Bronco Sport can be experienced in all its glory at Laramie Range Ford. Our inventory of new Ford cars for sale is unmatched in this area. Before you visit us for your test drive, take a look at our new Ford specials. *MSRP: Starting price represents the manufacturer’s suggested retail price (MSRP) for the trim. The MSRP does not include destination and handling charges, taxes, title, license, options, and dealer charges. Actual prices are set by the dealer and may vary. Photo is for marketing and example purposes only. Photo may not reflect starting MSRP or trim level.\n**EPA-estimated MPG for City/Highway for 2026 Ford Bronco Sport . Actual mileage will vary. Displayed MPG is based on applicable EPA mileage ratings. Use for comparison purposes only. Your actual mileage will vary, depending on how you drive and maintain your vehicle, driving conditions, battery pack age/condition (hybrid models only) and other factors.

26_FRD_RGR_41215_lar_sport_ruby_DesktopTablet

Up Close and Personal With the 2026 Ford Ranger

Ford has always prided themselves on innovation, but the 2026 Ranger redefines what makes a great truck. It makes driving a truck easy, safe, and fun — what more could you want? Don't miss out on the best features of the new Ford Ranger. Continue reading our model overview below. This Is the 2026 Ford Ranger Performance Power is a prerequisite for any Ford, and the Ranger is no exception. The new Ranger's dedication to maximizing capability is on full display with its base 2.3L EcoBoost® turbocharged inline-4 engine, and when properly equipped it can tow up to 7,500 lbs.. Pair those numbers with improved handling and responsive steering, and it's easy to see why drivers can't get enough of the new Ranger. The following list has more exciting specs and features available on this model: Lane departure warning 4x4 drivetrain capability (available) Driver attention alert Technology Technology-rich and jam packed with available accessories, the Ford Ranger is ready for the road ahead. Options for additional safety features help you monitor the road, navigate tight parking lots, and protect passengers. The new Ranger also offers a wide variety of multimedia integration and infotainment to make every ride that much more enjoyable. The Ranger isn't limited to the above technology features, though. Here are a few more: Apple CarPlay compatibility Lane keep assist Pre-collision assist with automatic emergency braking Design The new Ranger is a truck that communicates style and strength from the moment you lay eyes on it. With a maximum cargo space of up to 59.6 cu ft, the new Ranger ensures you aren't leaving anything behind. And when you mount up, you can enjoy Ford's comfort-focused interior design. Learn more about what the Ranger has to offer design-wise here: Power-locking tailgate Leather-trimmed seating (higher trims) Heated front seats & heated steering wheel Buckle up in the Ranger in Laramie, WY To see if the Ranger lives up to the hype, come see it on our lot. Get a better look at our inventory and see all the new Ford cars for sale in Laramie, WY. Our Ford specials are designed to help you save even more when you come in for a test drive. *MSRP: Starting price represents the manufacturer’s suggested retail price (MSRP) for the trim. The MSRP does not include destination and handling charges, taxes, title, license, options, and dealer charges. Actual prices are set by the dealer and may vary. Photo is for marketing and example purposes only. Photo may not reflect starting MSRP or trim level.\n**EPA-estimated MPG for City/Highway for 2026 Ford Ranger . Actual mileage will vary. Displayed MPG is based on applicable EPA mileage ratings. Use for comparison purposes only. Your actual mileage will vary, depending on how you drive and maintain your vehicle, driving conditions, battery pack age/condition (hybrid models only) and other factors.